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News->Jail
For Asian Businessman Who Cannot Be Trusted"

Jail
For Asian Businessman Who Cannot Be
Trusted"

Berkshire, UK. 14 August
2009

An
Asian businessman who ran a recruitment company
into the ground, racked up over £750,000
in debt and kept incomplete financial records
was sentenced to nine months in prison at Reading
Crown Court. He was also banned from running a
company for five years. Mr Amir Hussain, 39, of
Northern Road, Slough, was the sole Director of
Crownwell Limited until 1 September 2004 when
the company was voluntarily wound up. However,
despite repeated requests from the liquidator,
Hussain failed to hand over accounting records.

Business Minister Pat McFadden
said:We are determined to crack down on
rogue traders who flout the law and cheat honest
businesses and the taxpayer.Keeping comprehensive
accounting records is crucial to ensuring transparency
and fairness so that both honest creditors and
the taxpayer do not lose out when a company fails.This
prosecution sends a clear warning to would-be
fraudsters that they wont be allowed to
get away with their crimes. On sentencing,
His Honour Judge John said Hussain showed
no regret for what he had done and that
he cannot be trusted.

Hussain was convicted for
misconduct in the course of winding up contrary
to section 208(1)(c) of the Insolvency Act 1986
and failing to cause a company to keep accounting
records contrary to section 221(5) of the Companies
Act 1985. At Reading Crown Court on 24 July 2009
HH Judge John sentenced him to, respectively,
nine months and six months immediate custody to
run concurrently and a disqualification order
of five years. Mr Hussain was found guilty after
trial on 17 July 2009.

Cromwell Limited was wound
up on 1 st September 2004 with a deficiency owed,
mainly to Her Majestys Revenue and Customs,
of £771, 317.29. Mr. Hussain was the sole
Company Director on 18 th July 2001, soon after
the company was incorporated (or came into existence)
on 21 st June 2001 and continued as such until
he voluntarily sought the winding up (or liquidation)
of the company in 2004.